The paper examines dynamics in demand and supply of skilled labor in the russian economy over the transition period of 1990–2000-s. It shows that despite a huge inflow of workers with tertiary education demand for such workers grew in the russian labor market even faster. This explains why unemployment for workers with high educational attainment remained low; why returns to education continued to be high; why a proportion of college graduates who occupied low-skilled jobs decreased rather than increased. However in the next decades a relationship between demand and supply might radically change so that the russian economy could face with massive oversupply of highly educated workforce.
The paper is devoted to the issue of construction of the term structure of interest rates for China’s bond market. It provides an overview of the related studies for the period from 1997 to 2010. The paper also gives a brief description and history of the approach applied by China Central Depositary & Clearing (CCDC) in order to construct the yield curve out of the China’s bond market data.